Koshinski Asset Management Inc. Makes New $6.57 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

Koshinski Asset Management Inc. bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,040 shares of the insurance provider’s stock, valued at approximately $6,565,000.

A number of other large investors have also added to or reduced their stakes in TRV. Nordea Investment Management AB grew its stake in shares of Travelers Companies by 38.7% during the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after acquiring an additional 95,451 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after acquiring an additional 35,560 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after acquiring an additional 25,575 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $874,000. Finally, GAMMA Investing LLC grew its stake in shares of Travelers Companies by 162.6% during the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after acquiring an additional 3,050 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TRV. Barclays initiated coverage on Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price target on the stock. Wells Fargo & Company upped their target price on Travelers Companies from $206.00 to $207.00 and gave the company an “equal weight” rating in a research report on Thursday. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. JPMorgan Chase & Co. upped their target price on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Finally, Morgan Stanley dropped their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $230.89.

Travelers Companies Price Performance

Shares of TRV stock traded up $3.38 during trading hours on Friday, hitting $236.58. 932,564 shares of the company’s stock were exchanged, compared to its average volume of 1,043,600. The firm has a 50 day moving average of $227.80 and a two-hundred day moving average of $218.82. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $243.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a market cap of $53.92 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same period in the prior year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.08 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.78%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 26.55%.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.